FY2023 EBITDAF Guidance revised up by $40m

21 October 2022 – Mercury announced today that it has revised its FY2023 EBITDAF guidance up $40m to $620m. Normalised EBITDAF also increases by $40m to $795m after adjusting for the non-cash unwind of acquired swaps relating to the Norske Skog, Tilt and Trustpower transactions. The lift in performance is largely due to higher FY23 hydro generation, now forecast at 4,500GWh (previously 4,350GWh), higher yields in commercial industrial sales and improved trading results.

Guidance may change and remains subject to any material events, significant one-off expenses or other unforeseen circumstances including changes to hydrological conditions.

ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited

For investor relations queries, please contact:
William Meek
Chief Financial Officer
0275 173 470
[email protected]

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Shannon Goldstone
Head of Communications
027 210 5337
[email protected]

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Announcement PDF